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EastGroup Properties Q2 2024 Earnings Report

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$161.44 +2.70 (+1.70%)
(As of 12/20/2024 04:33 PM ET)

EastGroup Properties EPS Results

Actual EPS
$1.14
Consensus EPS
$2.05
Beat/Miss
Missed by -$0.91
One Year Ago EPS
$1.89

EastGroup Properties Revenue Results

Actual Revenue
$159.09 million
Expected Revenue
$156.70 million
Beat/Miss
Beat by +$2.39 million
YoY Revenue Growth
+13.70%

EastGroup Properties Announcement Details

Quarter
Q2 2024
Time
After Market Closes

Conference Call Resources

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EastGroup Properties Earnings Headlines

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About EastGroup Properties

EastGroup Properties (NYSE:EGP) (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 59 million square feet.

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